Raymond Realty wins redevelopment project in Mumbai
Raymond’s wholly-owned step-down subsidiary, Ten X Realty, has emerged as the preferred developer for the redevelopment of a housing society spanning 3.6 acres in Mahim (west) area of Mumbai. The company will rebuild Kumari Jethi T Sipahimalani CHS, also known as Navjivan Society, located within residential areas of Mumbai. In support of this endeavor, the company’s Board has approved an infusion of nearly Rs. 300 crore into Ten X Realty.